Legendary Games may win $50 million for bringing Web3 to gamers

Web3 gaming giant Mythical Games may raise $50 million from investors as it seeks to expand into the decentralized gaming space. This news comes after the company announced a series of initiatives to bring Web3 to the casual gamer.

On Wednesday, reports by The Block suggested that legendary CEO John Linden He traveled to Dubai to search for investors. In particular, the studio is considering raising $50 million to expand its business.

last company It raised $150 million In November 2021, at a valuation of $1.25 billion. Investors, including Andreessen Horowitz’s firm, joined the round.

At the same time, the blockchain-based game studio also announced the launch of a version new market. Mythical Marketplace 2.0 will focus on making decentralized games more accessible to players.

Bringing Web3 to gamers

Mythical’s Marketplace 2.0 is designed to not only improve our platform but more importantly Improve player experience “And setting the standards for the future of gaming,” said John Linden, co-founder and CEO of Mythical Games.

Providing players with a better experience will be the focus of the new Mythical Marketplace. Linden said the industry has yet to deliver on that promise.

“Often, developers describe features as ‘smooth’ and ‘integrated’ when discussing games or metaverse projects. In fact, these solutions are still very complex and not intended for gamers. But with these huge steps forward, Mythical will provide users with an experience that delivers They have both,” Linden added.

The company also revealed that it has acquired DMarket, an advanced trading platform for digital assets. The Ukraine-based company will become part of Mythical East, headquartered in Lisbon, Portugal.

“We share a vision of how the industry is evolving and how we can all contribute and bring more fun to the gaming community around the world,” said Vlad Panchenko, Co-Founder and CEO of DMarket.

Expansion plans amid the tech and crypto winter could be a good sign for the decentralized gaming industry. Moreover, gaming could be one area where cryptocurrency is gaining mass adoption.

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